NEW YORK – Meta Platforms Inc. (NASDAQ: META) shares experienced a turbulent trading day, ultimately closing in positive territory as investors navigated sharp price swings. The tech giant’s stock finished the session at $717.63, marking a gain of $4.95, or 0.69%, demonstrating resilience after a significant mid-day dip.
The day’s trading for Meta was a tale of two halves. The stock opened at $715.20 and immediately surged, reaching a daily high of $724.74 shortly after the market opened. However, the early optimism faded as sellers stepped in, pushing the price steadily downward throughout the morning and early afternoon. Shares touched a low of $712.68, precisely matching the previous day’s close, a level that proved to be a critical support point. From there, a late-afternoon rally erased the day’s losses and carried the stock to its strong close.
The positive momentum continued into after-hours trading, with shares ticking up modestly, suggesting continued investor interest after the closing bell.
This recent price action places Meta’s stock in the upper range of its 52-week performance, which has seen a low of $450.80 and a high of $747.90. Today’s close reflects continued investor confidence in the company, which boasts a market capitalization of approximately $1.8 trillion. Other key metrics investors are watching include a P/E ratio of 28.03 and the company’s recently initiated dividend, which currently stands at a yield of 0.29%.
The day’s volatile pattern suggests a tug-of-war between bullish and bearish sentiment. The strong defense of the previous day’s closing price indicates that buyers are willing to step in on dips, while the failure to hold the early morning highs shows some resistance at higher levels. Investors will now be closely watching to see if Meta’s stock can build on this late-day momentum and challenge its recent highs, or if the intra-day volatility signals a period of consolidation for the social media powerhouse.
